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The balance sheet for ACME Bank is shown below. ACME Bank Balance Sheet 1 Reserves - $64,000 Loans - $50,000 Property - $299,000 Checkable Deposits - $108,000 Stock Shares - $305,000 Suppose the bank decides to invest 40 percent of its excess re

The balance sheet for ACME Bank is shown below.

ACME Bank Balance Sheet 1 

Reserves - $64,000

Loans - $50,000

Property - $299,000

Checkable Deposits - $108,000

Stock Shares - $305,000


Suppose the bank decides to invest 40 percent of its excess reserves in short-term securities in order to earn interest. The bank issues a cashier's check to a securities dealer to purchase the securities. The securities dealer deposits the check into an account at a different bank. What will ACME Bank's balance sheet look like after the check has been processed? Fill in the values in the table below. Assume a required reserve ratio of 15 percent.


Instructions: Enter your answers as whole numbers.


ACME Bank Balance Sheet 2

Reserves - ?

Loans - ?

Property - ?

Checkable Deposits - ?

Stock Shares - ?

 

 


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The balance sheet for ACME Bank is shown below. ACME Bank Balance Sheet 1 Reserves - $64,000 Loans - $50,000 Property - $299,000 Checkable Deposits - $108,000 Stock Shares - $305,000 Suppose the bank decides to invest 40 percent of its excess re
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